Senate panel grills IRS commissioner nominee Billy Long
The Senate Finance Committee questioned Trump’s nominee about his plans for the beleaguered agency and promotion of dubious tax credits.
Minnesota passes licensure changes bill
Minnesota approved a bill on Monday night to create additional pathways to CPA licensure, and it awaits the signature of Gov. Tim Walz.
In the blogs: Truths and consequences
No more paper checks; death and tax debt; the perfect time to onboard software; and other highlights from our favorite tax bloggers.
GT soups up compliance with new AI-based platform
Compliance professionals at Grant Thornton will be making use of the improved CompliAI platform, infused with generative AI to enhance service delivery.
Eide Bailly merges in Traner Smith
The Top 25 Firm is growing its presence in the Pacific Northwest by adding a firm based in Edmonds, Washington, effective June 2, 2025.
BMSS announces investment, collaboration with engagement letter platform Knuula
Top 100 firm BMSS announced an investment in Knuula, an engagement letter and client documents software provider. The investment came after implementing Knuula themselves over the past year.
PwC AI agent acts proactively to preserve value
The Big Four firm added new agentic AI capacities, including a model that proactively identifies areas of value leakage and acts inside the tools to fix them.
GAO scrutinizes IRA energy tax credits
The U.S. Government Accountability Office created a list of questions for policymakers’ oversight of the energy tax expenditures in the 2022 Inflation Reduction Act.
AICPA protests tax deduction changes for accounting firms
The American Institute of CPAs is asking accountants to call on congressional representatives to stop “unfair targeting” of pass-throughs like CPA firms.
Senate Dems probe IRS chief nominee’s donations
What the senators call ‘unusually timed contributions’ came in immediately after Donald Trump named Billy Long as his pick.